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USPS Calls for Overhaul as Annual Loss Hits $9B
The U.S. Postal Service said on Friday it was seeking new administrative and legislative reforms as it reported a $9 billion yearly loss, slightly wider than the loss in the prior fiscal year.
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Fed's Logan: Hard to Support December Rate Cut
Dallas Federal Reserve President Lorie Logan Friday again signaled she would oppose an interest-rate cut in December, after also opposing the Fed's rate cut in October, because of her concern that inflation is too high, trending upward, and taking too long to get to the...
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Climate Circus COP30: Capital Bazaar & Moral Rejuvenation
From November 10 to 21, the latest climate summit, COP30, is taking place in Belém, Brazil - a global stage for fighting what is labeled the "climate-damaging gas" carbon dioxide.
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NYC: Bigger, Better, Far Greater Than Mamdani
Mamdani must engage with business leaders, corporations, and taxpayers who fund the budget that drives our city, showing respect. New York is more than 400 years old and will endure long after Mamdani's brief tenure. If he fails to respect this remarkable opportunity, it's his loss.
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The Terrible Price of the Climate Change Scam
Former Vice President Al Gore may be the only American to have profited from climate alarmism. His book and film made him a multi-millionaire. He used his wealth to purchase homes. His high energy consumption is at odds with his climate sermons.
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Fed's Schmid: Inflation Too Hot, Policy Where It Should Be
Kansas City Federal Reserve President Jeffrey Schmid Friday said his concerns about "too hot" inflation go well beyond the narrow effects of tariffs alone, in fresh remarks that signaled he could dissent again at the Fed's December meeting should policymakers opt to cut...
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China's Factory Output, Retail Sales Worst in a Year
China's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the $19 trillion export-driven economy as mounting supply and demand strains threaten to further curtail growth.
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Airlines Reduce Flight Cuts for Friday Despite 6% FAA Order
U.S. airlines have cut far fewer flights for Friday than the requirement that they cut 6% of domestic flights at the 40 busiest American airports, according to aviation analytics firm Cirium and airline officials.
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S&P: Corporate Bankruptcies to Hit 15-Year High
Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.
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Trump Administration OKs Oil, Gas Drilling in Alaska Wildlife Refuge
The Trump administration on Thursday finalized plans to open the coastal plain of Alaska's Arctic National Wildlife Refuge to potential oil and gas drilling, renewing a long-simmering debate over whether to drill in one of the nation's environmental jewels.
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Fed's Hammack: Restrictive Monetary Policy Needed to Cool Inflation
Cleveland Federal Reserve President Beth Hammack said Thursday monetary policy needs to remain in a position where it can help lower inflation pressures, suggesting she leans against the U.S. central bank cutting interest rates again in the near future.
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Hassett: No Unemployment Data for October
Data on the U.S. unemployment rate for October may never be available after the weeks-long federal government shutdown, White House economic Adviser Kevin Hassett said Thursday as federal workers returned to work.
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Odds of Fed Rate Cut in December on Knife's Edge as Hawks, Doves Face Off
Citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a growing number of Federal Reserve policymakers are signaling reticence on further easing, helping push financial market-based odds of a...
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Fed's Daly: Balance of Risks Slightly Higher With Jobs
San Francisco Federal Reserve President Mary Daly Thursday said the risks to the Fed's two goals are balanced now that the Fed has cut interest rates twice so far this year, though if anything, is slightly tilted to labor-market risks.
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HUD Secretary Scott Turner to Newsmax: Trump Housing Policies Driving Down Rates
The Trump administration is weighing longer-term mortgages, including 50-year loans, to improve affordability as rates fall, HUD Secretary Scott Turner told Newsmax on Wednesday.
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Sen. Bill Cassidy to Newsmax: Subsidies Mask Obamacare Flaws
Sen. Bill Cassidy, R-La., told Newsmax on Wednesday that the problems plaguing Obamacare have once again been laid bare, this time by Democrats themselves during the recent government shutdown.
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House Vote Set to End Longest Govt Shutdown Ever
House Republicans, and some Democrats breaking from party obstruction of President Donald Trump, will vote to finally reopen government, ending the longest government shutdown in U.S. history Wednesday.
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Treasury Sec Bessent to Newsmax: Trump Admin Targets Energy, Mortgage Relief
Treasury Secretary Scott Bessent acknowledged that Americans are still straining under high prices but said the Trump administration is attacking the affordability crisis by driving down energy costs and mortgage rates while pushing for stronger wage growth.
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Bill Gates Finally Cools on Global Warming
After decades of doomsday sermons, manipulated models, and taxpayer tithing to the "Green Church," the mask is off. The climate crusade was never about saving the planet. It was about controlling the people, all of us. Environmentalism became Marxism with a recycling bin.
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US Lost Jobs Through Late October, New Data Shows
U.S. firms were shedding more than 11,000 jobs a week through late October, payroll processor ADP said Tuesday in its latest real-time estimate of job market trends.
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Buses, Trains See Resurgence Amid US Air Travel Chaos
Americans are increasingly booking buses and trains to their Thanksgiving destinations this year while some have outright canceled their plans following the worst disruptions to air travel since the start of the government shutdown.
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America's $130 Trillion Safety Net Economy
The federal government now carries over $130 trillion in contingent liabilities , future promises and guarantees that don’t appear on the official balance sheet.
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Shutdown Leaves Mark on Already-Struggling Economy
The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.
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It's Still the Economy
All proposed economic policies must be explained in concrete, local terms. The relevant questions each and every time should be: How does this policy tangibly benefit the common man, and how can the policy be messaged so that the benefit is clearly understood?
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Fed Policymakers Divided Over Need for More Rate Cuts
U.S. central bankers who have supported two interest rate cuts this year signaled Monday divergent views on the need for more, underscoring the challenge for Federal Reserve Chair Jerome Powell as he helms a divided group of policymakers.